365Renewal of greenhouse gas holding lease

365 Renewal of greenhouse gas holding lease

The Minister must renew a greenhouse gas holding lease if—

(a) an applicant has been given an offer document under section 363; and

(b) the applicant has made a request under section 463 in relation to the offer document within the period applicable under that section; and

(c) if the offer document specified the form and amount of a security to be lodged by the applicant—the applicant has lodged the security within the period applicable under section 465.

1 If the applicant does not make a request under section 463 within the period applicable under that section, the application lapses at the end of that period—see section 463(4).

2 If the applicant has not lodged the security within the period applicable under section 465, the application lapses at the end of that period—see section 465.

Division 4—Directions